Pure Energy minerals
It has entered into an agreement with energy giant Schlumberger to further develop their lithium brine production. This agreement validates the economics and also the advancements of brine exploration in the Clayton Valley. Pure Energy has developed an open pit design and mining plan that projects a 40-year minimum mine life, and are currently working on plans for a pilot plant to refine extraction technologies. (lithium clay).
It has a narrow land position between Cypress and Noram. They have an established 100 million tonne resource from 4 drill holes at a 400 ppm Li cutoff.
Albemarle Corporation’s silver Peak (NYSE:ALB)
It is the only lithium mine in Noth America.
Noram Ventures Inc. (TSX-V:NRM)
It is working on its fifth round of drilling and they have announced a resource of 300 million tonnes of >900 ppm Li. The current drilling program is on track to more than double that resource.
Cypress Development Corp. (TSX-V:CYP)
It recently completed a PFS and has plans for feasibility study later this year.
Spearmint Resources Inc. (CSE:SPMT)
Spearmint, with property just south of Cypress, completed a drill program in November and has announced high grade lithium intercepts.